Seven classes from two Harborview Mortgage Loan Trust Inc. securitizations have been downgraded by Fitch Ratings and one has been placed on Rating Watch Negative.The downgrades were as follows: series 2006-4, class B-7, from A-minus to BBB, class B-8, from BBB-plus to BBB-minus; class B-9, from BBB to BB, and class B-11, from B to CC/DR4; and series 2006-6, class B-3, from BBB to BBB-minus, class B-4, from BB-minus to B, and class B-5, from CCC/DR2 to C/DR5. Class B-2 of series 2006-6 was placed on Rating Watch Negative, and class B-3 was removed from Rating Watch Negative. In addition, Fitch affirmed the ratings on nine other classes in the two transactions. The rating agency attributed the negative rating actions to a deterioration in the relationship between credit enhancement and loss expectations. The deal is backed by adjustable-rate mortgage loans secured by first liens on residential properties.

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